Kingston banks on India's growth

style="background: transparent none repeat scroll 0% 0%; -moz-background-clip: border; -moz-background-origin: padding; -moz-background-inline-policy: continuous;"> href="https://www.dqweek.com/kingston-digital-releases-64gb-sdxc-uhs-1-class-10-memory-card">Kingston's
Co-founder
and President href="http://www.ciol.com/Semicon/Special-Report/Feature/Kingston-banks-on-Indias-growth/137701/0/">John
Tu is keen to invest and expand
business in India due to country's positive growth and economy.
According to him, “India is on its way to become a giant economy.
Countries like India, China, Brazil and parts of eastern block
including Russia are potential upcoming markets. In next two to three
years we want to invest in India and will try to provide value to our
consumers by offering service support.”

He discussed company's future
business plans in India and differentiated the country's economy
against Chinese economy. “We want to increase our product
capabilities by making them available locally. We are also looking
forward to invest in the huge market of India in terms of population
and economic power unlike China, which looks mainly at exports,” he
said.

“We want India to grow simultaneously
with China. We expect about 40 to 50 percent growth for 2010 with a
global revenue target of around $6 billion for this year.” Tu
stressed. According to him, the company has been in India for two
years and the business has been impressive. While India contributes
about 10 percent of the revenue from Asia Pacific region, Tu hopes
that these revenues would reach around $150 to 200 million in next
two years.